Wall Street brokerages expect Computer Programs & Systems, Inc. (NASDAQ:CPSI) to announce $74.43 million in sales for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Computer Programs & Systems’ earnings, with estimates ranging from $69.80 million to $77.78 million. Computer Programs & Systems posted sales of $78.06 million in the same quarter last year, which suggests a negative year-over-year growth rate of 4.7%. The company is expected to issue its next quarterly earnings report on Thursday, February 14th.
According to Zacks, analysts expect that Computer Programs & Systems will report full-year sales of $282.53 million for the current financial year, with estimates ranging from $277.90 million to $285.87 million. For the next year, analysts expect that the company will report sales of $289.87 million, with estimates ranging from $277.90 million to $294.90 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Computer Programs & Systems.
Computer Programs & Systems (NASDAQ:CPSI) last released its earnings results on Thursday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.31. The firm had revenue of $69.30 million for the quarter, compared to analyst estimates of $70.87 million. Computer Programs & Systems had a positive return on equity of 16.74% and a negative net margin of 4.02%. Computer Programs & Systems’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share.
A number of equities research analysts have commented on the company. BidaskClub upgraded Computer Programs & Systems from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research upgraded Computer Programs & Systems from a “sell” rating to a “hold” rating and set a $32.00 price target for the company in a report on Wednesday, November 7th. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $28.00 price target on shares of Computer Programs & Systems in a report on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $27.83.
In other news, major shareholder Francisco Partners Gp Ii, Lp sold 11,503 shares of the company’s stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $25.81, for a total transaction of $296,892.43. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.80% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in CPSI. BlackRock Inc. increased its holdings in shares of Computer Programs & Systems by 10.6% in the second quarter. BlackRock Inc. now owns 1,672,512 shares of the company’s stock worth $55,026,000 after acquiring an additional 159,898 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Computer Programs & Systems during the second quarter worth about $1,842,000. Stadium Capital Management LLC boosted its position in shares of Computer Programs & Systems by 5.9% during the third quarter. Stadium Capital Management LLC now owns 681,966 shares of the company’s stock worth $18,311,000 after buying an additional 38,150 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of Computer Programs & Systems in the second quarter valued at approximately $865,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Computer Programs & Systems by 118.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,850 shares of the company’s stock valued at $1,124,000 after buying an additional 22,675 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.
Shares of CPSI opened at $26.10 on Friday. The stock has a market capitalization of $367.64 million, a P/E ratio of 19.62, a P/E/G ratio of 1.50 and a beta of 0.06. Computer Programs & Systems has a 1-year low of $23.81 and a 1-year high of $34.65. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.77 and a current ratio of 1.80.
About Computer Programs & Systems
Computer Programs and Systems, Inc provides healthcare information technology solutions and services in the United States and the Caribbean nation of St. Maarten. Its software systems include patient management software that enables a hospital to identify a patient at various points in the healthcare delivery system, as well as helps to collect and maintain patient information throughout the process of patient care; and financial accounting software, which offers business office applications to track and coordinate information needed for managerial decision-making.
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